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[size=6]Walmart to offer layaway payments on Xbox One and PS4 consoles[/size]by John Callaham

If you want an Xbox One or a PlayStation 4 console when they come out this fall, but don't have enough money at the moment to pre-order them, Walmart stores in the US might have an alternative that could help you secure Microsoft and Sony's next generation gaming systems.

The retailer has announced that both consoles will be a part of its holiday shopping layaway plan this fall. Customers can pay 10 percent of each console's price ($40 for the PS4 and $50 for the Xbox One) as a down payment and then pay the rest over a 90 day period. There is a $10 fee if users decide to cancel their layaway plans.

Walmart begins its layaway system on September 13th for all of its shoppers, although customers can "like" the retailer's official Facebook page to start their layaway shopping earlier on Wednesday, September 11th.

Microsoft announced this week that the Xbox One will officially go on sale in 13 worldwide markets, including the US, on Friday, November 22nd. Sony will launch the PS4 in the US one week earlier on November 15th, and will extend the launch to European territories on November 29th.